LEXINGTON SINGERS

EIN: 616058015 501(c)(3)

LEXINGTON, KY

Total Revenue
$240,963
Total Expenses
$163,386
Total Assets
$282,867
Net Assets
$271,513
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
KY
Principal Officer
LORI WALLACE
Phone
8593389888
Tax Period
2024-07-01 to 2025-06-30

LEXINGTON SINGERS, founded in 1959, is a small nonprofit that reported $241K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 32% operating margin.

Mission

FORMED TO PROVIDE OPPORTUNITIES FOR THE CITIZENS OF LEXINGTON AND THE SURROUNDING COMMUNITIES TO PARTICIPATE IN THE PERFORMANCE AND ENJOYMENT OF GOOD CHORAL MUSIC AND TO FURTHER THE UNDERSTANDING AMONG ALL PEOPLES THROUGH THE MEDIUM OF MUSIC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $187,359
Program Service Revenue $45,511
Investment Income $8,093
Other Revenue $0
TOTAL REVENUE $240,963

Expense Breakdown

Grants Paid $0
Salaries & Benefits $90,909
Fundraising Expenses $0
Program Expenses $129,234
Other Expenses $72,477
TOTAL EXPENSES $163,386

Year-over-Year Comparison

2024 2023 Change
Revenue $240,963 $134,596 +0.8%
Expenses $163,386 $143,792 +0.1%
Net Income $77,577 $-9,196 -9.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
13
Employees
13
Volunteers
30

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI WALLACE PRESIDENT 10.00
Officer
$0 $0 $0
ANDREW MOORE PREVIOUS PRE 10.00
Officer
$0 $0 $0
LISA LOEFFLER VICE PRESIDE 10.00
Officer
$0 $0 $0
RITA STAMEY SECRETARY 10.00
Officer
$0 $0 $0
HOBERT ELLIS TREASURER 10.00
Officer
$0 $0 $0
JENI ANDERSON DIRECTOR - M 2.00
Director
$0 $0 $0
AMY BROWN DIRECTOR - M 2.00
Director
$0 $0 $0
DONNA ELDER DIRECTOR - M 2.00
Director
$0 $0 $0
SALLY HOROWITZ DIRECTOR - M 2.00
Director
$0 $0 $0
JEFFERY JONES DIRECTOR - M 2.00
Director
$0 $0 $0
KELLEY MCBRIDE DIRECTOR - M 2.00
Director
$0 $0 $0
RYAN MCBRIDE DIRECTOR - M 2.00
Director
$0 $0 $0
STEPHANIE MOON DIRECTOR - M 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $240,963 $163,386 $282,867 $77,577
2024 $134,596 $143,792 $183,034 $-9,196
2023 $202,118 $132,996 $190,214 $69,122
2022 $150,670 $115,941 $114,411 $34,729
2021 $94,572 $76,777 $99,917 $17,795
2020 $125,628 $116,790 $74,716 $8,838
2019 $168,570 $180,479 $51,146 $-11,909
2018 $227,427 $239,653 $63,587 $-12,226
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